Enterprise Recovery
DECEMBER 14, 2023
When clients fail to pay their invoices on time, it can negatively impact your cash flow and harm your business in various ways. Maintaining a healthy cash flow is crucial for the success of your business, so it is essential to address any issues with late payments promptly and find effective solutions to ensure a steady and stable financial foundation.
Account Recovery
DECEMBER 14, 2023
A bill has been introduced in the House of Representatives by Rep. Suzanne Bonamici [D-Ore.] that seeks to restore the Consumer Financial Protection Bureau’s Office for Students and Young Consumers. Background: The office was closed under former Acting Director Mick Mulvaney in 2018 and folded into the Bureau’s financial education efforts.
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Consumer Finance
DECEMBER 14, 2023
The Consumer Financial Protection Bureau took action against Commonwealth Financial Systems for illegally trying to collect unverified medical debts.
Account Recovery
DECEMBER 14, 2023
Getting to Know Jesse Bird of TCN N.Y.
Speaker: Mark Stovel
When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.
Troutman Sanders
DECEMBER 14, 2023
On December 13, New York Governor Kathy Hochul signed into law S4907A , which prohibits hospitals, medical providers, or ambulance services from providing negative information about medical debt to consumer reporting agencies (CRAs). The law also requires that these entities include a provision in their contracts with collection agencies prohibiting the reporting of any portion of a medical debt to a CRA.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
PDC Flow
DECEMBER 14, 2023
A lot of businesses don’t know how to set up recurring payments that make sense for customers and still bring in revenue. The most effective recurring payments balance the parameters of payment schedules, business needs, and customer preferences. The first step to successful scheduled payments is to know how, why, and when to accept recurring payments.
Account Recovery
DECEMBER 14, 2023
New York yesterday became the second state to ban the credit reporting of medical debt, with the new law going into effect immediately after it was signed by Gov. Kathy Hochul.
UK debt collections
DECEMBER 14, 2023
Latest Office for National Statistics (ONS) figures show that alarmingly, businesses closing has outpaced openings for the first time since 2010. The ONS Inter-Departmental Business Register shows that there was a 7% year-on-year decline in new businesses in 2022, while business closures were up 5%, meaning it was the first time since 2010 that there is more businesses closing than opening in the UK.
Account Recovery
DECEMBER 14, 2023
Survival is more important than winning. If you remember one thing from this profile of Jesse Bird, that is likely something that will help you for the rest of your career. Bird has been used to helping people, having spent nearly a quarter of a century at TCN.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.
Sawin & Shea
DECEMBER 14, 2023
In recent years, cryptocurrencies have become incredibly popular, and numerous Indiana residents own different types of digital currencies, such as Bitcoin, Ethereum, Tether, and more. Unlike other investments, these currencies are decentralized, have no association with centralized banks, and have no physical form, existing purely in the digital realm.
Prosperity Now
DECEMBER 14, 2023
“I grew up in a low-income family and my parents didn’t speak fluent English. I did a lot of the paperwork for my parents when applying for benefits.” For Tracy Yeung, leveling the playing field so the economy works for families struggling to make ends meet is not just about advocating for what’s right, it’s deeply personal.
Troutman Sanders
DECEMBER 14, 2023
In this special crossover episode with Regulatory Oversight podcast, Ashley Taylor is joined by Kim Phan and Kristen Eastman from Troutman Pepper’s Consumer Financial Services practice to discuss the Consumer Financial Protection Bureau’s (CFPB) proposed Rule 1033, also known as the Personal Financial Digital Rights rule. This rule, part of the Dodd-Frank Act, aims to restrict the sale or misuse of consumer data.
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